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Nevada court limits Light & Wonder disclosures in Aristocrat trade-secret case

Regulation

The US District Court for the District of Nevada ruled that Light & Wonder need not disclose the mathematical models behind its hold and spin machines, and ordered Aristocrat to specify the trade secrets it seeks to protect. Aristocrat’s case alleges that Light & Wonder’s Dragon Train games resemble Dragon Link; a trial is scheduled for 2026.

The ruling narrows discovery in a dispute over games and trade secrets between two major suppliers.

End-of-day close Light & Wonder (LNW), AUD, to 8 August 2025
Story date12 May 20258 August 2025

Latest reported results

Light & Wonder ASX: LNW

Quarter ended 30 September 2026

Revenue
USD 824.0m10-Q filing 0000750004-26-000047
Operating income
USD 242.0m10-Q filing 0000750004-26-000047

Aristocrat ASX: ALL

Financial year ended 30 September 2025

Revenue
AUD 6.30bn
Operating income
AUD 1.38bn

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